CO129-529-1 Diocesan Boys' School and Orphanage- appeal for money 2-1-1931 - 10-5-1932 — Page 11

weight.

It does not appear from the petition

that any special efforts have been made to

raise funds to meet the interest and

sinking fund payments due to the Govt. On

the contrary, the petition confirms the view

expressed by the Government representative

School

on the Committee, that the Committee do not

the

appear to realise their responsibilities and

think that the debt due to Government need not

be paid.

It is apparent that no half measures

such as a further postponement of payment and

payments

interest and/or sinking fundes would meet

the case, and I do not think that a strong

enough case has been made by the School

authorities for the remission of the loan and

outstanding charges.

I am not at all happy

about the effect on the Sonool of refusal

to cancel its indebtedness to Government.

I

cannot, however, see in the case as presented,

a sufficient reason for a decision other than

that the request for cancellation of the

outstanding portion of the loan and the

interest and sinking fund charges, should be

refused.

Should a decision to that effect be taken,

I hope a way may still remain open for further

regarding

the scheme proposed by the

negotiations

うん

and

Govr, although the Govr. does not say so,

the Committee of the School appear to have

completely rejected the proposal. Unless

the School authorities agree to some such

proposal or can find some new source of

revenue which seems very improbable) it

appears